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(RDDT)
Social Media/Advertising
Expected to list on 22 February 2024, subject to change
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Expected price
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Expected Market Value
NYSE
Exchange (TBC)
Last updated: 23 April 2025. IPO terms, instrument availability and market data can change. Verify key details against the latest official announcement.
Reddit Company Overview
About Reddit
Reddit, a globally popular American-based social forum, news,and discussion website, is making waves with its IPO. Ranked 18th globally in website traffic, it’s poised to follow in the foot steps of social media giant META
The attention-grabbing platform gained investor interest when traders on subreddit r/WallStreetBets triggered the historic rise of meme stocks like GameStop and AMC in early 2021.
Reddit IPO Figures & Valuation
Reddit’s main revenue source is from advertising, with 98% coming from ads in 2022 and 2023.
Reddit’s funding rounds are proving strong for the company, with several rounds boosting its value exponentially. The company has raised $1.3 billion in funding over nine rounds. The latest funding was raised on August 12, 2021, from a Series F round of $410 million.
2022 Revenue – 668 million
2023 Revenue – 804 million up 21% YOY
Loyal Reddit Moderators Get First Chance
In a unique move, Reddit is offering its top users the opportunity to participate in the IPO early through a \"directed share program\" outlined in the filing. Users will be categorized into six tiers based on their karma score or moderator activities.
Top-tier users will have the opportunity to buy into the IPO before its public debut as a token of appreciation for their loyalty and engagement. This demonstrates Reddit’s dedication to its users as much as their commitment to the platform’s growth.
Google Partners with Reddit to Enhance AI Capabilities
In a recent development, Google and Reddit have struck a deal allowing the search giant to utilize Reddit’s data for training its AI model on user posts and interactions. This $60 million agreement is a significant move in the realm of AI, benefiting both parties as Reddit gains access to advanced AI models to enhance its internal search and other functionalities.
Driver Behind Open AI, Sam Altman has Significant Stake in Reddit
As Reddit nears its IPO, OpenAI’s Chief Sam Altman is spotlighted as a crucial investor. Altman’s strategic foresight to invest in Reddit since 2014 could yield a significant financial return. Holding an impactful 9.2% of voting power, Altman’s investments, totaling at least $60 million, underscore his pivotal role and potential for considerable gains with Reddit’s public offering, solidifying his influence within the platform.
Overview on Reddit
- Reddit has an average of 73.1 million daily active users.
- As of October 2023, Reddit is the 18th most-visited website in the world.
- Investors are eager as this is the first social media IPO in years, following Pinterest’s debut in 2019.
- Although sales are flat, Reddit is embracing the AI era, capitalizing with licensing deals to use their data and improve AI models (Google as of latest).
- Sam Altman really believes in Reddit since 2014 and is a major investor with over 9% voting rights.
Sources: Bloomberg, crunchbase.com, New York Times, CNBC, Reuters, Business Insider
How to gain exposure in Reddit stock
Most retail investors gain access once public-market trading begins; the routes below explain how that can work depending on your goals and risk profile.
Invest in Reddit
Once Reddit becomes available on the stock market and on the NAGA platform, eligible clients may be able to buy the shares and gain exposure to the company's long-term growth story. For many investors, this is the most straightforward way to participate after a public listing.
Discover stock investingTrade in Reddit
For traders looking for shorter-term opportunities, CFDs can provide exposure to Reddit price movements without owning the underlying shares, where available. This approach may suit active market participants who want to trade volatility around the listing event.
Discover CFD trading
Get ready for the Reddit IPO
Set up your account by verifying and funding so you can act once public trading begins and instrument availability is confirmed.
Three steps to be ready before trading opens
1
Create your account
2
Verify your profile
3
Fund your account
Important Information
Reddit IPO timing, listing venue, share count, price range, valuation and other terms may change and should be verified against the latest official issuer, exchange or regulatory announcement.
NAGA Markets Europe Ltd does not provide participation in Reddit's primary IPO allocation or pre-IPO shares unless expressly stated otherwise in approved, jurisdiction-specific materials. Access to any instrument after public trading begins is subject to availability, eligible-client status, market conditions and applicable regulations.
Market data may be delayed or indicative. Past performance is not a reliable indicator of future results. Investments involve risk and may result in losses. Interested investors should review the official offering documents and consult a qualified financial adviser before making any investment decisions.
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RISK WARNING: Trading leveraged products (CFDs) and real shares involves significant risk, including the potential loss of your initial investment, and may not be suitable for all investors. Before trading or investing, you are strongly advised to read and ensure you understand the relevant Risk Disclosure and warnings included in the Company's legal documents section. There is a substantial risk that you may lose all of your initial investment when trading or investing. We recommend that you carefully consider whether trading leveraged products or investing in shares is appropriate for you in light of your personal circumstances, and ensure you fully understand all associated risks before proceeding. 24.46% of retail investor accounts generate profits when trading leveraged products with this provider. Trading with NAGA Trader by following and/or copying or replicating the trades of other traders involves high levels of risks, even when following and/or copying or replicating the top-performing traders. Such risks include the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. Before making an investment decision, you should rely on your own assessment of the person making the trading decisions and the terms of all the legal documentation.
Disclaimer: The content on this page is for informational purposes only and is not intended as a recommendation or advice. Any references to past performance, emulated performance, or forecasts in the Company’s advertisements are not reliable indicators of future results. Customers are solely responsible for their own business decisions or investments.